A wise carpenter a little older than me once taught me to do work at a fair price that I set, do it for free because I want to be a blessing or say no. He said that giving a discount (even to family and friends) often results in frustration or bitterness. It took me a little living and experiencing to realize how right he was. The second lesson I’ve learned about discounts is that once you relent and give one when asked or pressured, the client will always expect one. Therefore, caution at a minimum or outright avoidance of discounts is required. When in doubt, Refer to lesson one: full price, free or not at all Know yourself, know your market, know where you can give and where you can’t. Always look for someone to bless. Be fair to everyone including yourself.
I’m never fair to myself. I’m fair to the world. Whenever I take a small action in bettering myself. The world tends to push back heavy with hatred. I rather continue to give until the day I croak. Maybe I’ll be remembered doesn’t matter. As long as the universe is pleased. God above all
@@teebee7000 So, you’re suggesting that everyone pays more so that I can choose to give my services to some for free without loosing any profit? It’s not much of a gift if others pay for it.
Because you cant. If you donate a finished product to them thats different, maybe thats what hes talking about but you cant deduct the market value of consulting services or your time.
@@dobattlers Correct. You can deduct out of pocket expenses incurred while volunteering, but you can't deduct the "value" of your finished work or time spent consulting.
@@Max-hw6lv correct. But [not legal or financial advice, consult your attorney/financial advisor for clarity] your own salary (or employees if you have/assign them may be considered out of pocket business expenses. So a project worth 10 million but costs you 100k directly, you can't deduct the 10mm but you might be able to deduct some or all of the 100k
Chris gives the best advice. I'm changing careers and I'm looking to start a web design agency. His advice and tips have been informative and inspirational.
Awesome and outstanding, as always! External observation: I also always enjoy seeing that "look of knowing" on his face, when he is imparting the knowledge, ie these "lessons" to us. It is as if he is smiling for having that secret "insider info" most will never become seasoned enuff or grow skilled enuff to distill from their experiences. Becuz.... most get so caught up with the superficial wins or the fast lane living, so they miss the subtler, yet more profound lessons in every interaction, in how every opportunity is managed. And it is exactly that "look" on his face that in itself teaches us that to become savvy and to be successful, one must be alert, sharp, discerning, always "ready" 👍So one never misses subtle cues that can very often be turned into highly-value "insight". 👍Picture it this way, it is this same modest, yet self-assured "look of knowing" a seasoned professional has on his face at the poker table, without anyone ever really being able to determine or perceive his angle, or how and where he gained his growth on his expertise from. Subtle enuff to be noticed, but not so much as to give himself away! Freaking brilliant! Maturity of intellect is so very alluring!🔥 THANK YOU for making these videos and for teaching good, straight business and common sense!
Jack Mitton I was yes, by doing a free promotional video I got next to the people I wanted to film for, met them and exchanged details, then got work from there. Over the last 3/4 years I’ve done loads of free work, I now film for primark, Jimmy choo, sky, Deliveroo etc, it’s about being smart about it, not just doing it for free
@@JoelBlackmann500 Can you please share some deatils about your "free" approach and what was missing in your portfolio that failed to entice or serve as an example of your skill sets to attract a new client - causing you to create "free" creative that was or was not used by prospective client for free?
Jack Mitton what point are you trying to get at? Without me doing the free work for this certain client I never would have been in the same room as someone “famous” for me to scale my portfolio, once I have one good video it’s a snowball from there as you’re seen as “trusted”. New videographers can’t just turn up and film a mainstream video with not much “social proof” on their Instagram or portfolio
@@SunnyandNova But I've given someone a FREE promo video, and 6 months later it's come back to help me... from someone completely different, so how is it not free??
I personally struggle with getting clients mainly because of not being "visible" in market. For sake of visibility, I am doing small projects that barely take any of my time in exchange for public testimonials which will bring me more customers in long run.
Any business expense incurred, donated or not is deducted from the corporate tax rate as they don’t reflect profit. You can’t deduct market value for donated goods or services, only costs. Employee payroll expenses are already deducted, so there is nothing special here.
I did a lot of free work my first year, non-stop grinding. Now that I know the game (same thing Chris do talks about) I've been making wedding films and music videos, and advertisements all paid. Some I made little some I made 15k+ depends on the project. I've learned that if I'm hesitant on a project because of $ I usually get what I'm asking for. Only been watching Chris do for a month, honestly the guy is a true salesman who knows his worth. I respect respect and encourage it in our film/photography job market.
I like the deduction idea - actually haven’t realised I could put free work into my expenses, as long as I get the client to write saying how much value the project was
As per my understanding, you cannot write it off as a deduction cause the service you provided (for free) is not your expense. What you can write off are the expenses you incurred in providing those services and thus may claim a loss.
im on IT consulting but a lot of Chris advice applies to my line of work, negotiation been hard but many scenarios would been easier if i did hear his advice earlier. Thank you so much for your advice!
Could someone elaborate a bit more on how to get tax deductions for pro bono work? I looked it up and I am understanding that you can't deduct the fees I would normally charge.
My understanding is you can only deduct the cost of materials. Otherwise you can "donate" your time to walk your neighbor's dog and "charge" them $250K. If there's additional info, I'd love to hear about it.
I have often made an invoice for what I would have charged and my tax accountant puts it in with the deductions as a cost... business expense. I’m not sure of the terminology or correct category it goes under. I just know that she told me to provide copies of all invoices that I don’t receive payment for. Edit: I should point out that I could be considered an employee of my own business....
@LazicStefan He does. But I believe the IRS may not allow him to "donate" his consulting time as a tax write off. He could direct that the 45000 Chris mentions be used for time and materials of his staff to create real things, i.e. a website or branded marketing materials. I'm not sure he could deduct consulting time even if his employees did it at his request. The IRS wants to see something tangible, at least that's been my experience.
Asking them to work for free should also be an option. Putting your name on their flyers, asking people to subscribe to your channels of work, etc. I’ve been thinking about that as an option too. Sign an agreement to get tagged/credited in every instance of publishing etc. Also, agree with getting the letter to say that you were provided service worth x-amount given as charitable work.
Yes some of the project cost might be a deduction on your taxes but not all of it. It is a good strategy though. I've used it a few times in my industry.
Competition is good because it allows for specialization and differentiation. Someone has to take the 5 Buck Bobbys... but it doesn't have to be you if you dont want to.
Life hack: Get a friend at a nonprofit to hire you for an hour, gratis ofc: Set and get your hourly wage recorded as whatever tax you would pay for the year working whatever job you would normally. Do something small, anything, just as evidence in case of audit. Done! Tax free for a year!
Wow... The tax gem 💎 I never knew.... I think I've found after being online for over 12 years, purchasing thousands worth of courses, the BEST channel on **doing business**. The free videos have given me actual tips, that are WORTH their weight in gold. So much value, actual knowledge that works. Why? Because the brother is WALKING THE WALK. He is sharing **wisdom**. Wisdom can only be gained by experience and practise!!! If you never LEARN in life from mistakes you're not gaining wisdom unfortunately... 🤣
Chris, I'd like to know what your advice is for people like me who work as a specialist. Your clientele are often competitors, so how do work with multiple clients when some of their services overlap, or even worse...both want you to work on a presentation to bid on the same job. (Industry is construction)
What's with the tax deduction? No one seems able to explain how you can play it out. I also think that free work can really open doors if you're smart about it.
To my understanding is that you can deduct the cost of materials used during that free shoot because that was still expenses that came out of pocket from your business. So yea you may not have gotten paid for it but now i can write it off as a tax deduction for the materials i used for essentially volunteering. Its almost the same principle as why big companies donate or do non profit events/organizations because all of that can be written off as tax deductions since its basically volunteer work that you put money into from straight out of pocket/business expense.
@@randomuserame Ben that’s exactly what I was thinking. I know here, if you have furniture that you no longer want, you can throw it away, try to sale it, or donate it to a Salvation Army type non profit and they will give you a form that allows you to put any amount for the value and your able to write it off on your taxes. So In that case the real value could be to donate it. Another thing in his statement, he says not for profit, so maybe he is talking about if the work is for a nonprofit organization.
This dudes business is on point don't know how many times I got to say it probably going to get agitated with me replying to all of his pop ups on my browser just saying he's got his stuff on lockdown tax deductions are worth their weight in gold at the end of the year
I have nothing to show to a client so is it wise to do the work for free ? because I rather be honest to my very first client and more to come hopefully when I proceed with my freelancing
What if the work needs to be marketed just like a sales funnel? Even if I'd do the complete work in that for free, and they don't have the budget to bear the marketing expenses, it's all in vain. What could I offer for free here and build up the relationship? A Strategy?
Learn marketing and add that into your package/price so you're not only creating content for them but you're also taking care of the marketing part for them. More money for you, less hassle for them. You've now created a service
@thefutur how do we fight off based on a letter? Are we taking righting off the market value of the project that we never received? Does this mean that we are claiming a loss?
I'm doing some free work and the guy wants to sue me for not getting it done fast enough..for free. No lie it reminds me of when I used to be in a rock band and they wanted to pay us with exposure.? I couldn't buy a hot dog with exposure
Deduct actual costs not the value. Imagine the tax loophole people could create by saying their market rate is 10k per hour then just doing a bunch of free work to offset actual income
Yeah I’ve been in that desperate place before and you do not so smart things. I’ve been burned so many times but it’s also a learning experience. I’ll never do them again.
You absolutely cannot use that as a tax deduction. I challenge your tax advisor to provide you with the IRC code section that allows that. Unless you’re specifically referring to providing the dollar value of your service to a tax exempt organization, and then reporting the value of your work as income, and then you taking it as a deduction, in which case, how does that benefit you when you had to report it as income? Unless you’re just using their letter as a marketing tool to present to other customers to validate the dollar value of your service as you present that to potential customers or existing customers.
I would rather do a job for free for a friend or neighbor that take the $2/hour they try to offer me. I will help out someone I know but all others pay a fair price or look elsewhere. I fix houses buy the way
A wise carpenter a little older than me once taught me to do work at a fair price that I set, do it for free because I want to be a blessing or say no. He said that giving a discount (even to family and friends) often results in frustration or bitterness. It took me a little living and experiencing to realize how right he was.
The second lesson I’ve learned about discounts is that once you relent and give one when asked or pressured, the client will always expect one. Therefore, caution at a minimum or outright avoidance of discounts is required. When in doubt, Refer to lesson one: full price, free or not at all
Know yourself, know your market, know where you can give and where you can’t. Always look for someone to bless. Be fair to everyone including yourself.
You just saved me years of frustration; thank you lol
The struggle is real no freebies coz blessings for a taker is toxic.
What about raising your standard rate, to give you more room to offer discounts to customers who expect it?
I’m never fair to myself. I’m fair to the world. Whenever I take a small action in bettering myself. The world tends to push back heavy with hatred. I rather continue to give until the day I croak. Maybe I’ll be remembered doesn’t matter. As long as the universe is pleased. God above all
@@teebee7000 So, you’re suggesting that everyone pays more so that I can choose to give my services to some for free without loosing any profit?
It’s not much of a gift if others pay for it.
Never knew you could do the tax deduction by doing free work. But doing one project for yourself is really good advice.
Because you cant. If you donate a finished product to them thats different, maybe thats what hes talking about but you cant deduct the market value of consulting services or your time.
@@dobattlers I'm pretty sure he's not talking about the finished product.
@@dobattlers Correct. You can deduct out of pocket expenses incurred while volunteering, but you can't deduct the "value" of your finished work or time spent consulting.
@@Max-hw6lv correct. But [not legal or financial advice, consult your attorney/financial advisor for clarity] your own salary (or employees if you have/assign them may be considered out of pocket business expenses. So a project worth 10 million but costs you 100k directly, you can't deduct the 10mm but you might be able to deduct some or all of the 100k
Depends on what you mean by "work" really.
Chris gives the best advice. I'm changing careers and I'm looking to start a web design agency. His advice and tips have been informative and inspirational.
Thank you
Brilliant insight & perspective !
Foundation for this gentleman. An estute understanding of his value and self worth
Awesome and outstanding, as always! External observation: I also always enjoy seeing that "look of knowing" on his face, when he is imparting the knowledge, ie these "lessons" to us. It is as if he is smiling for having that secret "insider info" most will never become seasoned enuff or grow skilled enuff to distill from their experiences. Becuz.... most get so caught up with the superficial wins or the fast lane living, so they miss the subtler, yet more profound lessons in every interaction, in how every opportunity is managed. And it is exactly that "look" on his face that in itself teaches us that to become savvy and to be successful, one must be alert, sharp, discerning, always "ready" 👍So one never misses subtle cues that can very often be turned into highly-value "insight". 👍Picture it this way, it is this same modest, yet self-assured "look of knowing" a seasoned professional has on his face at the poker table, without anyone ever really being able to determine or perceive his angle, or how and where he gained his growth on his expertise from. Subtle enuff to be noticed, but not so much as to give himself away! Freaking brilliant! Maturity of intellect is so very alluring!🔥 THANK YOU for making these videos and for teaching good, straight business and common sense!
I did a lot of free work, to make the connection to the people I wanted to film for.. 2 years later I just completed a video for Primark (PAID)
Noice!
So you where building your portfolio? Doing this "free" work?
Jack Mitton I was yes, by doing a free promotional video I got next to the people I wanted to film for, met them and exchanged details, then got work from there. Over the last 3/4 years I’ve done loads of free work, I now film for primark, Jimmy choo, sky, Deliveroo etc, it’s about being smart about it, not just doing it for free
@@JoelBlackmann500 Can you please share some deatils about your "free" approach and what was missing in your portfolio that failed to entice or serve as an example of your skill sets to attract a new client - causing you to create "free" creative that was or was not used by prospective client for free?
Jack Mitton what point are you trying to get at? Without me doing the free work for this certain client I never would have been in the same room as someone “famous” for me to scale my portfolio, once I have one good video it’s a snowball from there as you’re seen as “trusted”. New videographers can’t just turn up and film a mainstream video with not much “social proof” on their Instagram or portfolio
Love this idea. Working for free is worth to you when you know It will boost your carrer and it will payback little later 🧐
Mind blowing! I didn’t know that.
Facts
Well technically that’s not working for free I’ll never work for free
@@SunnyandNova But I've given someone a FREE promo video, and 6 months later it's come back to help me... from someone completely different, so how is it not free??
@@SunnyandNova exactly you are working for yourself.
I personally struggle with getting clients mainly because of not being "visible" in market.
For sake of visibility, I am doing small projects that barely take any of my time in exchange for public testimonials which will bring me more customers in long run.
Letters of recommendation and star rates and reviews are always useful
This guy has a soothing delivery😎
Any business expense incurred, donated or not is deducted from the corporate tax rate as they don’t reflect profit. You can’t deduct market value for donated goods or services, only costs. Employee payroll expenses are already deducted, so there is nothing special here.
I did a lot of free work my first year, non-stop grinding. Now that I know the game (same thing Chris do talks about) I've been making wedding films and music videos, and advertisements all paid. Some I made little some I made 15k+ depends on the project. I've learned that if I'm hesitant on a project because of $ I usually get what I'm asking for.
Only been watching Chris do for a month, honestly the guy is a true salesman who knows his worth. I respect respect and encourage it in our film/photography job market.
I like the deduction idea - actually haven’t realised I could put free work into my expenses, as long as I get the client to write saying how much value the project was
As per my understanding, you cannot write it off as a deduction cause the service you provided (for free) is not your expense. What you can write off are the expenses you incurred in providing those services and thus may claim a loss.
WHOA...talk about a mindset shift for me. Thanks ... I needed to hear this.
Glad to hear
im on IT consulting but a lot of Chris advice applies to my line of work, negotiation been hard but many scenarios would been easier if i did hear his advice earlier. Thank you so much for your advice!
I'll accept a free gig sometimes if I know more leads will come of it. Like you said here, a marketing expense
Wow I didn’t expect you to say this. I might think of doing free work now.
👍🏽👍🏽
🤔🤔🤔 OK
Could someone elaborate a bit more on how to get tax deductions for pro bono work? I looked it up and I am understanding that you can't deduct the fees I would normally charge.
My understanding is you can only deduct the cost of materials. Otherwise you can "donate" your time to walk your neighbor's dog and "charge" them $250K.
If there's additional info, I'd love to hear about it.
He can't deduct for his personal time, but he may be able to deduct the cost of an employee's time to create branded materials, websites, etc.
I have often made an invoice for what I would have charged and my tax accountant puts it in with the deductions as a cost... business expense. I’m not sure of the terminology or correct category it goes under. I just know that she told me to provide copies of all invoices that I don’t receive payment for.
Edit: I should point out that I could be considered an employee of my own business....
@@fomoco300k business expense--loss of revenue
@LazicStefan He does. But I believe the IRS may not allow him to "donate" his consulting time as a tax write off. He could direct that the 45000 Chris mentions be used for time and materials of his staff to create real things, i.e. a website or branded marketing materials. I'm not sure he could deduct consulting time even if his employees did it at his request. The IRS wants to see something tangible, at least that's been my experience.
Asking them to work for free should also be an option. Putting your name on their flyers, asking people to subscribe to your channels of work, etc. I’ve been thinking about that as an option too. Sign an agreement to get tagged/credited in every instance of publishing etc.
Also, agree with getting the letter to say that you were provided service worth x-amount given as charitable work.
Chris knows the tricks. A big fan from Pakistan.
Yes some of the project cost might be a deduction on your taxes but not all of it.
It is a good strategy though. I've used it a few times in my industry.
This is gold
I occasionally do work for free if it pays me in other ways.. feeling like I'm donating my time to a good cause, that kind of thing!
I love Chris’ hats
I would look more into the tax deduction, as I don't think what you stated is 100% true, according to my CPA
Unless the client vouches for the cost that was written down. It would depend on the frequency and amount.
Your cpa is correct
I was about to comment this. Maybe states vary but not valid in Texas.
Key word was if you did the work for A “non profit. “
@@Selfdefense4k Not true, check with your accountant. You need to supply a tangible product, not a service. Labor doesn't count to the IRS.
This is helpful! Thank you Chris
I swear Chris is bringing in millions for Fiverr just from his referrals 😂😂
haha. more work for fiverr. don't want any of this low budget projects.
Competition is good because it allows for specialization and differentiation. Someone has to take the 5 Buck Bobbys... but it doesn't have to be you if you dont want to.
Life hack: Get a friend at a nonprofit to hire you for an hour, gratis ofc: Set and get your hourly wage recorded as whatever tax you would pay for the year working whatever job you would normally. Do something small, anything, just as evidence in case of audit. Done! Tax free for a year!
I just started a landscape company and I wish I could afford this guy
I’m giving away what I can here on UA-cam.
Dude has Good Business Skills
Love to see more of such content!💰👍
Chris, I love you man.
Smart move, marketing expense can still benefits one way or another. 👍
Wow... The tax gem 💎 I never knew.... I think I've found after being online for over 12 years, purchasing thousands worth of courses, the BEST channel on **doing business**. The free videos have given me actual tips, that are WORTH their weight in gold. So much value, actual knowledge that works. Why? Because the brother is WALKING THE WALK. He is sharing **wisdom**. Wisdom can only be gained by experience and practise!!! If you never LEARN in life from mistakes you're not gaining wisdom unfortunately... 🤣
talk to an accountant first.
@@thefutur Mos def, will do!
That pause at the end of the video just to let you think about it further 👌
Good to know the bit about taxes!
Was so much needed
Yes I agree
Wow! I never even considered the tax deduction 🤯
This is huge!
I do free work all the time. Great video!
hey Hector!
This guy is a Genius ❤️😎🙏
Wow, great thoughts Chris. Consider it a marketing expense.. Even the potential tax write off!
I love this dude and i love his channel saw it on YT Clips and sub
Chris, I'd like to know what your advice is for people like me who work as a specialist. Your clientele are often competitors, so how do work with multiple clients when some of their services overlap, or even worse...both want you to work on a presentation to bid on the same job. (Industry is construction)
Mind blowing!
Or maybe even to gain skills and practice to produce more high quality work later on and maybe get a bigger pay day
The mic isn't so awesome, but this channel is!
What's with the tax deduction? No one seems able to explain how you can play it out. I also think that free work can really open doors if you're smart about it.
To my understanding is that you can deduct the cost of materials used during that free shoot because that was still expenses that came out of pocket from your business. So yea you may not have gotten paid for it but now i can write it off as a tax deduction for the materials i used for essentially volunteering. Its almost the same principle as why big companies donate or do non profit events/organizations because all of that can be written off as tax deductions since its basically volunteer work that you put money into from straight out of pocket/business expense.
Doing work for free is akin to donating clothes to charity. You can write off some or all of the direct costs to you for doing the work itself.
@@randomuserame Ben that’s exactly what I was thinking. I know here, if you have furniture that you no longer want, you can throw it away, try to sale it, or donate it to a Salvation Army type non profit and they will give you a form that allows you to put any amount for the value and your able to write it off on your taxes. So In that case the real value could be to donate it. Another thing in his statement, he says not for profit, so maybe he is talking about if the work is for a nonprofit organization.
True
This dudes business is on point don't know how many times I got to say it probably going to get agitated with me replying to all of his pop ups on my browser just saying he's got his stuff on lockdown tax deductions are worth their weight in gold at the end of the year
Amen! Preach!!
Always insightful, thank you
You should always make sure you're ok with doing free work. Before you do it.
The tax deduction thing is genius wow
I wanna know how real life use application that has. That's genius. Any experience anyone willing to share?
Didn't see that coming too
@@rufaiajala kinda genius but different country tax laws may or may not allow it
Um, yeah I don't think taxes work like that.
Yeah I wouldn’t try that one if I were you. This guy is wrong.
Wow I never thought about the tax deduction.... brilliant.
So Chris, I have wanted to ask you this question for a long time. How many exposures do you charge for work, thanks in advance.
I have nothing to show to a client so is it wise to do the work for free ? because I rather be honest to my very first client and more to come hopefully when I proceed with my freelancing
What if the work needs to be marketed just like a sales funnel? Even if I'd do the complete work in that for free, and they don't have the budget to bear the marketing expenses, it's all in vain. What could I offer for free here and build up the relationship? A Strategy?
Good question. What kind of work do you do?
@@codehart Sales Funnel
Learn marketing and add that into your package/price so you're not only creating content for them but you're also taking care of the marketing part for them. More money for you, less hassle for them. You've now created a service
Wow!
Truth and put the discount on the invoice
insightful...
Really 🙂
@thefutur how do we fight off based on a letter? Are we taking righting off the market value of the project that we never received? Does this mean that we are claiming a loss?
I'm doing some free work and the guy wants to sue me for not getting it done fast enough..for free. No lie it reminds me of when I used to be in a rock band and they wanted to pay us with exposure.? I couldn't buy a hot dog with exposure
oh my. that's terrible. refund him his money. free.
Could you elaborate on what did you mean when you said: "as a deduction to taxes."
Yea, this didn't make sense to me either. Any accountants want to chime in here?
Deduct actual costs not the value. Imagine the tax loophole people could create by saying their market rate is 10k per hour then just doing a bunch of free work to offset actual income
Here for a deduction on tax (income) you'd have to have spent the the money on something, not you charged less to someone else for work.
Working for free is part of building up your credibility to potential new clients
Modern day Robert Kiyosaki. Love your vids man, thanks for sharing the knowledge and keep it up!
Wait.. what? More videos on this? Considering doing this?
Smart
Yeah I’ve been in that desperate place before and you do not so smart things. I’ve been burned so many times but it’s also a learning experience. I’ll never do them again.
Gold.
What's Chris talking about? How are you able to deduct the value of the project if u do it for free? You can't do that.
Hello there! You should invite Jose and make a video. Just like the old days.
Boom 💥💥💥
Free work does not mean desperation
It means confidence
By your logic, there is a lot of confident people out there.
This man is now Jordan Belfort, this is something else, in another mountain
Th a no you!
Wow! Major game
Bruuuh. I could deduct taxes from the worth of work I did? Is it the same in Britain?
Everyone’s accountant just had a heart attack. That is not how taxes work!
Well if bills didn't existed. I wouldn't mind,but sorry can't work or should do something for free
Can you use this as a deduction for private entities or only nonprofit organizations?
This dude always says different things.
Agree
How does this work as a tax deduction? Does it work in countries like India?
Nice!
What are some designs Chris Do has made?
Excellent. Contracts. Signed?
I'm doing some free work on a codebase I'm working on Its to save me some major headaches moving forward.
I thought we didn’t do “portfolio” -jobs?
How does that tax thing actually work?
Damn!
You have the face for podcast
not so much free work, but more like a gift for me
You absolutely cannot use that as a tax deduction.
I challenge your tax advisor to provide you with the IRC code section that allows that.
Unless you’re specifically referring to providing the dollar value of your service to a tax exempt organization, and then reporting the value of your work as income, and then you taking it as a deduction, in which case, how does that benefit you when you had to report it as income? Unless you’re just using their letter as a marketing tool to present to other customers to validate the dollar value of your service as you present that to potential customers or existing customers.
So you are still getting paid just through deductible value. Do you ever do work to help people just to help them or always for a return of some sort?
I help people for free mostly. But clients pay otherwise they’re not clients.
I would rather do a job for free for a friend or neighbor that take the $2/hour they try to offer me. I will help out someone I know but all others pay a fair price or look elsewhere.
I fix houses buy the way
Whoa, letter of market value write off 🤯
Check with your CPA.